Nvidia’s CEO Talks Crypto, NFTs, and The Metaverse

Jensen Huang, Nvidia CEO, talked about the future of the metaverse in a briefing with press members during Computex, including his views on NFTs and crypto.

The idea of the Metaverse has been part of popular culture for decades ever since American science-fiction author Neal Stephenson used it in “Snow Crash”. As seen in movies like Ready Player One, Tron, Altered Carbon, and many others, the Metaverse seems like an inevitable outcome of technological advancement.

The metaverse is a virtual world that connects with the world we currently live in, enabling people to interact with each other independently of physical barriers. Such a virtual world has a real design and economy, as well as avatars and digital assets that belong to users in a realistic manner.

With Nvidia being one of the leaders when it comes to Virtual Reality (VR) and Augmented Reality (AR), as well as in the gaming industry, Jensen Huang seems like one of the most qualified authorities to discuss the topic. As such, he was asked about the topic during the virtual computer exposition.

Asked about his thoughts on the metaverse, Huang stated his belief that “we’re right on the cusp of it” and that “there will be many types of metaverses.” He stated that components like VR and AR technology are coming together faster than ever before as a result of being more accessible and easy to use for consumers.

With Nvidia having its own metaverse project, dubbed Nvidia Omniverse, the company combines most products ever developed by its team of experts. It is currently being used by more than 400 companies including BMW, WPP, and Bentley.

Blockchain and Crypto Will Have an Important Role in the Metaverse

Due to the digital nature of the Metaverse, technologies like Non-Fungible Tokens (NFTs) and cryptocurrencies are expected to have an important role.

As metaverses are all about user ownership over digital assets, the immutability of blockchain could provide a way for users to truly own anything they…

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